View ValuationH+H International 향후 성장Future 기준 점검 3/6H+H International (는) 각각 연간 127% 및 4.8% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 127.1% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 11.5% 로 예상됩니다.핵심 정보127.0%이익 성장률127.08%EPS 성장률Basic Materials 이익 성장17.5%매출 성장률4.8%향후 자기자본이익률11.52%애널리스트 커버리지Low마지막 업데이트13 May 2026최근 향후 성장 업데이트공시 • Nov 01H+H International A/S Updates Earnings Guidance for the Year 2025H+H International A/S updated earnings guidance for the Year 2025. For the period, the company now expects organic growth of around 0% (previously around 4%) and EBIT before special items in the range of DKK 85-115 million (previously DKK 100-150 million). The downward adjustment reflects challenging market conditions in the UK, following a sudden slowdown in October. The first nine months of the year developed positively and in line with expectations, however, recent reports from housebuilders indicate a sharp decline in sales rates, prompting them to hold back on new projects to manage elevated stock levels after an earlier period of strong construction activity. This has resulted in fewer new site starts and lower turnover.공시 • Aug 13H+H International A/S Provides Earnings Guidance for the Year 2025H+H International A/S provided earnings guidance for the year 2025. For the year, the company expects Organic revenue growth for 2025 is expected to be around 4% and EBIT before special items is expected to be in the range of DKK 100 million to 150 million.공시 • May 21H+H International A/S Unchange Earnings Guidance for the Full Year 2025H+H International A/S unchanged earnings guidance for the full year 2025. For the year, the company Organic revenue growth for 2025 is expected to be in the range between 5% to 10%. EBIT before special items is expected to be in the range of DKK 120 million to DKK 180 million.공시 • Aug 14H+H International A/S Narrows Earnings Guidance for 2024H+H International A/S narrowed earnings guidance for 2024. For the year, Revenue growth measured in local currencies is expected to around 0% (from -5% to +5%). EBIT before special items is expected to be in the range of DKK million 50 to DKK 100 million (from DKK 50 million to DKK 150 million).공시 • Jul 15H+H International A/S Resumes Operations at the Borough Green Production Facility in the UKAs informed by H+H International A/S ("H+H") in company announcement no. 560 of 5 July 2024, production at H+H UK Limited's Borough Green production facility was ceased due to the unexpected withdrawal of the certification for operating the autoclaves. The company has worked extensively to regain the certifications and the autoclaves have now passed the relevant safety tests and are back in operation. Consequently, production can now be ramped-up step-by-step. Until now and during the coming ramp-up phase the expected financial loss (EBIT before special items) of the lost production and directly related costs are in the region of DKK 10-15 million.공시 • Jul 09H+H International A/S Provides Update on Temporarily Closed Production Facility in Borough Green, UkAs informed by H+H International A/S ("H+H") in company announcement no. 560, published 5 July 2024, a routine inspection at H+H UK Limited's Borough Green production facility led to the unexpected outcome that certification for operating the autoclaves under the UK Pressure Systems Safety Regulations 2000 were withdrawn, leading to an immediate cease of production. Health and safety is a top priority for H+H. They are working relentlessly on getting production up and running as soon as possible in a safe manner, and remain in continuous dialogue with inspectors to resolve the issue and regain certification within a short timeframe. Health and safety is a top priority for H+H. Until a plan for resolution of the issue is established, it is not possible to estimate when production can resume. Consequently, the total financial impact of the closure of the production cannot be estimated at this point in time.모든 업데이트 보기Recent updates공시 • Mar 13H+H International A/S, Annual General Meeting, Apr 14, 2026H+H International A/S, Annual General Meeting, Apr 14, 2026, at 11:00 Romance Standard Time. Location: copenhagen marriott hotel, kalvebod brygge 5, 1560 copenhagen v, copenhagen Denmark공시 • Mar 04+ 2 more updatesH+H International A/S to Report Q1, 2026 Results on May 12, 2026H+H International A/S announced that they will report Q1, 2026 results on May 12, 2026공시 • Feb 26+ 1 more updateH+H International A/S to Report Fiscal Year 2025 Results on Mar 03, 2026H+H International A/S announced that they will report fiscal year 2025 results on Mar 03, 2026공시 • Nov 01H+H International A/S Updates Earnings Guidance for the Year 2025H+H International A/S updated earnings guidance for the Year 2025. For the period, the company now expects organic growth of around 0% (previously around 4%) and EBIT before special items in the range of DKK 85-115 million (previously DKK 100-150 million). The downward adjustment reflects challenging market conditions in the UK, following a sudden slowdown in October. The first nine months of the year developed positively and in line with expectations, however, recent reports from housebuilders indicate a sharp decline in sales rates, prompting them to hold back on new projects to manage elevated stock levels after an earlier period of strong construction activity. This has resulted in fewer new site starts and lower turnover.공시 • Aug 13H+H International A/S Provides Earnings Guidance for the Year 2025H+H International A/S provided earnings guidance for the year 2025. For the year, the company expects Organic revenue growth for 2025 is expected to be around 4% and EBIT before special items is expected to be in the range of DKK 100 million to 150 million.공시 • Jul 30+ 1 more updateH+H International A/S Announces Reorganization of German Operations from National Coverage to A Regional SetupH+H International A/S is reorganising German operations from national coverage to a regional setup. This allows them to run stronger market focused units, improve margins and operate on a lower cost base with less FTEs. They expect restructuring costs in the range of DKK 80 million - DKK 100 million (special items in H2 2025). This will lead to savings of around DKK 20 million in H2 2025. The reorganisation also includes closure of plants and write-down of assets. As a consequence, the Second Quarter 2025 report will contain impairment of assets of around DKK 600 million. The impairment will be treated as special items in the Second Quarter 2025 report and has no cash impact. This will lead to lower depreciation of around DKK 30 million on a full-year basis (around DKK 15 million in H2 2025). In addition, they will initiate a strategic review of the German activities with a clear target to further enhance group profitability.공시 • May 21H+H International A/S Unchange Earnings Guidance for the Full Year 2025H+H International A/S unchanged earnings guidance for the full year 2025. For the year, the company Organic revenue growth for 2025 is expected to be in the range between 5% to 10%. EBIT before special items is expected to be in the range of DKK 120 million to DKK 180 million.공시 • Apr 08H+H International A/S Announces Board AppointmentsH+H International A/S at its AGM held on April 8, 2025 to elect Peter Thostrup to the company's Board of Directors. After the annual general meeting, the Board of Directors elected Miguel Kohlmann as its Chair and Peter Thostrup as its Vice Chair.공시 • Mar 06H+H International A/S, Annual General Meeting, Apr 08, 2025H+H International A/S, Annual General Meeting, Apr 08, 2025.공시 • Mar 05H+H International A/S Announces Stepping Down of Kent Arentoft from Board of DirectorsH+H International A/S announces the following: Chair Kent Arentoft has informed the Board of Directors that he will step down at the coming annual general meeting on 8 April 2025 and leave the Board of Directors. Kent Arentoft has acted as Chair since April 2013 when he was first elected as board member.공시 • Feb 12+ 3 more updatesH+H International A/S to Report First Half, 2025 Results on Aug 12, 2025H+H International A/S announced that they will report first half, 2025 results on Aug 12, 2025공시 • Aug 14H+H International A/S Narrows Earnings Guidance for 2024H+H International A/S narrowed earnings guidance for 2024. For the year, Revenue growth measured in local currencies is expected to around 0% (from -5% to +5%). EBIT before special items is expected to be in the range of DKK million 50 to DKK 100 million (from DKK 50 million to DKK 150 million).공시 • Jul 15H+H International A/S Resumes Operations at the Borough Green Production Facility in the UKAs informed by H+H International A/S ("H+H") in company announcement no. 560 of 5 July 2024, production at H+H UK Limited's Borough Green production facility was ceased due to the unexpected withdrawal of the certification for operating the autoclaves. The company has worked extensively to regain the certifications and the autoclaves have now passed the relevant safety tests and are back in operation. Consequently, production can now be ramped-up step-by-step. Until now and during the coming ramp-up phase the expected financial loss (EBIT before special items) of the lost production and directly related costs are in the region of DKK 10-15 million.공시 • Jul 09H+H International A/S Provides Update on Temporarily Closed Production Facility in Borough Green, UkAs informed by H+H International A/S ("H+H") in company announcement no. 560, published 5 July 2024, a routine inspection at H+H UK Limited's Borough Green production facility led to the unexpected outcome that certification for operating the autoclaves under the UK Pressure Systems Safety Regulations 2000 were withdrawn, leading to an immediate cease of production. Health and safety is a top priority for H+H. They are working relentlessly on getting production up and running as soon as possible in a safe manner, and remain in continuous dialogue with inspectors to resolve the issue and regain certification within a short timeframe. Health and safety is a top priority for H+H. Until a plan for resolution of the issue is established, it is not possible to estimate when production can resume. Consequently, the total financial impact of the closure of the production cannot be estimated at this point in time.New Risk • Jun 12New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risk Share price has been volatile over the past 3 months (6.8% average weekly change).Reported Earnings • May 20First quarter 2024 earnings released: kr.7.90 loss per share (vs kr.0.30 loss in 1Q 2023)First quarter 2024 results: kr.7.90 loss per share (further deteriorated from kr.0.30 loss in 1Q 2023). Revenue: kr.644.0m (flat on 1Q 2023). Net loss: kr.129.0m (loss widened kr.124.0m from 1Q 2023). Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Basic Materials industry in Europe.공시 • May 16H+H International A/S Provides Earnings Guidance for Full Year 2024H+H International A/S provided earnings guidance for full year 2024. For the period company's revenue growth measured in local currencies is expected to be ranging from -5% to +5% and EBIT before special items is expected to be in the range of DKK 50 million to DKK 150 million. The financial outlook for 2024 is based on the following specific assumptions: Building activity in line with 2023 level, Price discipline maintained in key markets, Exchange rates, primarily GBP, EUR and PLN remain at mid-May 2024 levels.공시 • Mar 07H+H International A/S Provides Earnings Guidance for the Year 2024H+H International A/S provided earnings guidance for the year 2024. For the year 2024, the company’s revenue growth measured in local currencies is expected to be ranging from -5% to +5%. EBIT before special items is expected to be in the range of DKK 50 million to DKK 150 million.Reported Earnings • Mar 07Full year 2023 earnings released: kr.15.00 loss per share (vs kr.17.15 profit in FY 2022)Full year 2023 results: kr.15.00 loss per share (down from kr.17.15 profit in FY 2022). Revenue: kr.2.67b (down 26% from FY 2022). Net loss: kr.248.0m (down 182% from profit in FY 2022). Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Basic Materials industry in Europe.공시 • Mar 06H+H International A/S Appoints Bjarne Pedersen as New Group CFO, Effective 1 April 2024H+H International A/S announced the appointment of Bjarne Pedersen as the new Group CFO and member of the Executive Management, effective 1 April 2024. Bjarne succeeds Peter Klovgaard-Jørgensen, who will stay with H+H, until end of April 2024, ensuring a smooth handover. Bjarne Pedersen joined H+H with an auditing and banking background and has worked for H+H for more than 15 years. Bjarne has held various managerial roles across H+H, including responsibilities in areas such as Corporate Finance, IT, Investor Relations, and most recently as Chief Strategy Officer. Bjarne Pedersen is 46 years old and holds a Master of Science (MSc) in Business Administration and Auditing.공시 • Nov 30H+H International A/S Announces Resignation of Peter Klovgaard-Jørgensen as Member of Executive Board, Effective End of May 2024H+H International A/S announced resignation of Peter Klovgaard-Jørgensen as member of executive board to take up a CFO position in another company. Peter Klovgaard-Jørgensen has worked as CFO in H+H since 2019. Peter will remain in his position until end of May 2024, and a recruitment process for a new CFO will now be initiated.Reported Earnings • Nov 19Third quarter 2023 earnings released: kr.1.80 loss per share (vs kr.4.40 profit in 3Q 2022)Third quarter 2023 results: kr.1.80 loss per share (down from kr.4.40 profit in 3Q 2022). Revenue: kr.699.0m (down 24% from 3Q 2022). Net loss: kr.30.0m (down 139% from profit in 3Q 2022). Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Basic Materials industry in Europe.공시 • Nov 18H+H International A/S Revises Earnings Guidance for the Year 2023H+H International A/S revised earnings guidance for the full year 2023. For the year, the company’s sales volume expected to decrease around -35%. EBIT before special items is expected within the range of DKK 30 million - DKK 80 million, previous estimate of DKK 30 million - DKK 100 million.공시 • Nov 17+ 4 more updatesH+H International A/S, Annual General Meeting, Apr 09, 2024H+H International A/S, Annual General Meeting, Apr 09, 2024.New Risk • Nov 09New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Shareholders have been diluted in the past year (2.0% increase in shares outstanding).Recent Insider Transactions • Aug 21CEO & Member of Executive Board recently bought €102k worth of stockOn the 17th of August, Jorg Brinkmann bought around 10k shares on-market at roughly €10.20 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was Jorg's only on-market trade for the last 12 months.New Risk • Aug 18New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. This is currently the only risk that has been identified for the company.공시 • Aug 17H+H International A/S Revises Earnings Guidance for the Full Year 2023H+H International A/S revised earnings guidance for the full year 2023. For the year, the company’s sales volume decrease of approximately -30% to -35% across markets. EBIT before special items is expected within the range of DKK 30 million - DKK 100 million, down from the previous estimate of DKK 100 million - DKK 175 million.New Risk • Aug 16New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. This is currently the only risk that has been identified for the company.Reported Earnings • Aug 16Second quarter 2023 earnings released: kr.5.80 loss per share (vs kr.7.40 profit in 2Q 2022)Second quarter 2023 results: kr.5.80 loss per share (down from kr.7.40 profit in 2Q 2022). Revenue: kr.731.0m (down 27% from 2Q 2022). Net loss: kr.101.0m (down 178% from profit in 2Q 2022). Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Basic Materials industry in Europe.Valuation Update With 7 Day Price Move • Jun 21Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €11.40, the stock trades at a forward P/E ratio of 169x. Average forward P/E is 10x in the Basic Materials industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at €7.37 per share.공시 • May 26SOLBET Spolka z o.o. acquired an unknown minority stake in H+H International A/S.SOLBET Spolka z o.o. acquired an unknown minority stake in H+H International A/S on May 23, 2023.SOLBET Spolka z o.o. completed the acquisition of an unknown minority stake in H+H International A/S on May 23, 2023.Reported Earnings • May 10First quarter 2023 earnings released: kr.0.30 loss per share (vs kr.3.90 profit in 1Q 2022)First quarter 2023 results: kr.0.30 loss per share (down from kr.3.90 profit in 1Q 2022). Revenue: kr.641.0m (down 27% from 1Q 2022). Net loss: kr.5.00m (down 107% from profit in 1Q 2022). Revenue is expected to decline by 1.9% p.a. on average during the next 3 years, while revenues in the Basic Materials industry in Europe are expected to grow by 2.9%.공시 • Dec 21H+H International A/S to Report First Half, 2023 Results on Aug 17, 2023H+H International A/S announced that they will report first half, 2023 results on Aug 17, 2023이익 및 매출 성장 예측DB:J0H - 애널리스트 향후 추정치 및 과거 재무 데이터 (DKK Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20283,078156193328312/31/20272,897113120266312/31/20262,667-65913823/31/20262,628-697-11715N/A12/31/20252,743-662-5671N/A9/30/20252,781-547-7836N/A6/30/20252,772-519-3269N/A3/31/20252,7786841151N/A12/31/20242,747-5321145N/A9/30/20242,699-2542125N/A6/30/20242,669-301-6677N/A3/31/20242,675-374-249-95N/A12/31/20232,672-248-374-209N/A9/30/20232,881-110-411-179N/A6/30/20233,102-2-429-165N/A3/31/20233,371228-103158N/A12/31/20223,60430350316N/A9/30/20223,525358123364N/A6/30/20223,416365219439N/A3/31/20223,252329226438N/A12/31/20213,020310257454N/A9/30/20212,931288323497N/A6/30/20212,832283327479N/A3/31/20212,592227263403N/A12/31/20202,654241291425N/A9/30/20202,637105226361N/A6/30/20202,704122226368N/A3/31/20202,878173262398N/A12/31/20192,840149N/A369N/A9/30/20192,875249N/A444N/A6/30/20192,816209N/A433N/A3/31/20192,755178N/A428N/A12/31/20182,523125N/A370N/A9/30/20182,233116N/A299N/A6/30/20181,94399N/A194N/A3/31/20181,67979N/A87N/A12/31/20171,62295N/A83N/A9/30/20171,599111N/A50N/A6/30/20171,607103N/A72N/A3/31/20171,62096N/A107N/A12/31/20161,61196N/A143N/A9/30/20161,63984N/A147N/A6/30/20161,66062N/A172N/A3/31/20161,64648N/A179N/A12/31/20151,62158N/A100N/A9/30/20151,57136N/A95N/A6/30/20151,51538N/A76N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: J0H 은 향후 3년 동안 수익을 낼 것으로 예상되며, 이는 절약률(1.9%)보다 빠른 성장으로 간주됩니다.수익 vs 시장: J0H (는) 향후 3년 동안 평균 시장 성장보다 높은 수익을 올릴 것으로 예상됩니다.고성장 수익: J0H 향후 3년 내에 수익을 낼 것으로 예상됩니다.수익 대 시장: J0H 의 수익(연간 4.8%)이 German 시장(연간 6.7%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: J0H 의 수익(연간 4.8%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: J0H의 자본 수익률은 3년 후 11.5%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YMaterials 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/06/09 20:00종가2026/06/09 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스H+H International A/S는 5명의 분석가가 다루고 있습니다. 이 중 3명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Kristofer Liljeberg-SvenssonCarnegie Investment Bank ABAnders PreetzmannDanske BankAlexander BorreskovDNB Carnegie2명의 분석가 더 보기
공시 • Nov 01H+H International A/S Updates Earnings Guidance for the Year 2025H+H International A/S updated earnings guidance for the Year 2025. For the period, the company now expects organic growth of around 0% (previously around 4%) and EBIT before special items in the range of DKK 85-115 million (previously DKK 100-150 million). The downward adjustment reflects challenging market conditions in the UK, following a sudden slowdown in October. The first nine months of the year developed positively and in line with expectations, however, recent reports from housebuilders indicate a sharp decline in sales rates, prompting them to hold back on new projects to manage elevated stock levels after an earlier period of strong construction activity. This has resulted in fewer new site starts and lower turnover.
공시 • Aug 13H+H International A/S Provides Earnings Guidance for the Year 2025H+H International A/S provided earnings guidance for the year 2025. For the year, the company expects Organic revenue growth for 2025 is expected to be around 4% and EBIT before special items is expected to be in the range of DKK 100 million to 150 million.
공시 • May 21H+H International A/S Unchange Earnings Guidance for the Full Year 2025H+H International A/S unchanged earnings guidance for the full year 2025. For the year, the company Organic revenue growth for 2025 is expected to be in the range between 5% to 10%. EBIT before special items is expected to be in the range of DKK 120 million to DKK 180 million.
공시 • Aug 14H+H International A/S Narrows Earnings Guidance for 2024H+H International A/S narrowed earnings guidance for 2024. For the year, Revenue growth measured in local currencies is expected to around 0% (from -5% to +5%). EBIT before special items is expected to be in the range of DKK million 50 to DKK 100 million (from DKK 50 million to DKK 150 million).
공시 • Jul 15H+H International A/S Resumes Operations at the Borough Green Production Facility in the UKAs informed by H+H International A/S ("H+H") in company announcement no. 560 of 5 July 2024, production at H+H UK Limited's Borough Green production facility was ceased due to the unexpected withdrawal of the certification for operating the autoclaves. The company has worked extensively to regain the certifications and the autoclaves have now passed the relevant safety tests and are back in operation. Consequently, production can now be ramped-up step-by-step. Until now and during the coming ramp-up phase the expected financial loss (EBIT before special items) of the lost production and directly related costs are in the region of DKK 10-15 million.
공시 • Jul 09H+H International A/S Provides Update on Temporarily Closed Production Facility in Borough Green, UkAs informed by H+H International A/S ("H+H") in company announcement no. 560, published 5 July 2024, a routine inspection at H+H UK Limited's Borough Green production facility led to the unexpected outcome that certification for operating the autoclaves under the UK Pressure Systems Safety Regulations 2000 were withdrawn, leading to an immediate cease of production. Health and safety is a top priority for H+H. They are working relentlessly on getting production up and running as soon as possible in a safe manner, and remain in continuous dialogue with inspectors to resolve the issue and regain certification within a short timeframe. Health and safety is a top priority for H+H. Until a plan for resolution of the issue is established, it is not possible to estimate when production can resume. Consequently, the total financial impact of the closure of the production cannot be estimated at this point in time.
공시 • Mar 13H+H International A/S, Annual General Meeting, Apr 14, 2026H+H International A/S, Annual General Meeting, Apr 14, 2026, at 11:00 Romance Standard Time. Location: copenhagen marriott hotel, kalvebod brygge 5, 1560 copenhagen v, copenhagen Denmark
공시 • Mar 04+ 2 more updatesH+H International A/S to Report Q1, 2026 Results on May 12, 2026H+H International A/S announced that they will report Q1, 2026 results on May 12, 2026
공시 • Feb 26+ 1 more updateH+H International A/S to Report Fiscal Year 2025 Results on Mar 03, 2026H+H International A/S announced that they will report fiscal year 2025 results on Mar 03, 2026
공시 • Nov 01H+H International A/S Updates Earnings Guidance for the Year 2025H+H International A/S updated earnings guidance for the Year 2025. For the period, the company now expects organic growth of around 0% (previously around 4%) and EBIT before special items in the range of DKK 85-115 million (previously DKK 100-150 million). The downward adjustment reflects challenging market conditions in the UK, following a sudden slowdown in October. The first nine months of the year developed positively and in line with expectations, however, recent reports from housebuilders indicate a sharp decline in sales rates, prompting them to hold back on new projects to manage elevated stock levels after an earlier period of strong construction activity. This has resulted in fewer new site starts and lower turnover.
공시 • Aug 13H+H International A/S Provides Earnings Guidance for the Year 2025H+H International A/S provided earnings guidance for the year 2025. For the year, the company expects Organic revenue growth for 2025 is expected to be around 4% and EBIT before special items is expected to be in the range of DKK 100 million to 150 million.
공시 • Jul 30+ 1 more updateH+H International A/S Announces Reorganization of German Operations from National Coverage to A Regional SetupH+H International A/S is reorganising German operations from national coverage to a regional setup. This allows them to run stronger market focused units, improve margins and operate on a lower cost base with less FTEs. They expect restructuring costs in the range of DKK 80 million - DKK 100 million (special items in H2 2025). This will lead to savings of around DKK 20 million in H2 2025. The reorganisation also includes closure of plants and write-down of assets. As a consequence, the Second Quarter 2025 report will contain impairment of assets of around DKK 600 million. The impairment will be treated as special items in the Second Quarter 2025 report and has no cash impact. This will lead to lower depreciation of around DKK 30 million on a full-year basis (around DKK 15 million in H2 2025). In addition, they will initiate a strategic review of the German activities with a clear target to further enhance group profitability.
공시 • May 21H+H International A/S Unchange Earnings Guidance for the Full Year 2025H+H International A/S unchanged earnings guidance for the full year 2025. For the year, the company Organic revenue growth for 2025 is expected to be in the range between 5% to 10%. EBIT before special items is expected to be in the range of DKK 120 million to DKK 180 million.
공시 • Apr 08H+H International A/S Announces Board AppointmentsH+H International A/S at its AGM held on April 8, 2025 to elect Peter Thostrup to the company's Board of Directors. After the annual general meeting, the Board of Directors elected Miguel Kohlmann as its Chair and Peter Thostrup as its Vice Chair.
공시 • Mar 06H+H International A/S, Annual General Meeting, Apr 08, 2025H+H International A/S, Annual General Meeting, Apr 08, 2025.
공시 • Mar 05H+H International A/S Announces Stepping Down of Kent Arentoft from Board of DirectorsH+H International A/S announces the following: Chair Kent Arentoft has informed the Board of Directors that he will step down at the coming annual general meeting on 8 April 2025 and leave the Board of Directors. Kent Arentoft has acted as Chair since April 2013 when he was first elected as board member.
공시 • Feb 12+ 3 more updatesH+H International A/S to Report First Half, 2025 Results on Aug 12, 2025H+H International A/S announced that they will report first half, 2025 results on Aug 12, 2025
공시 • Aug 14H+H International A/S Narrows Earnings Guidance for 2024H+H International A/S narrowed earnings guidance for 2024. For the year, Revenue growth measured in local currencies is expected to around 0% (from -5% to +5%). EBIT before special items is expected to be in the range of DKK million 50 to DKK 100 million (from DKK 50 million to DKK 150 million).
공시 • Jul 15H+H International A/S Resumes Operations at the Borough Green Production Facility in the UKAs informed by H+H International A/S ("H+H") in company announcement no. 560 of 5 July 2024, production at H+H UK Limited's Borough Green production facility was ceased due to the unexpected withdrawal of the certification for operating the autoclaves. The company has worked extensively to regain the certifications and the autoclaves have now passed the relevant safety tests and are back in operation. Consequently, production can now be ramped-up step-by-step. Until now and during the coming ramp-up phase the expected financial loss (EBIT before special items) of the lost production and directly related costs are in the region of DKK 10-15 million.
공시 • Jul 09H+H International A/S Provides Update on Temporarily Closed Production Facility in Borough Green, UkAs informed by H+H International A/S ("H+H") in company announcement no. 560, published 5 July 2024, a routine inspection at H+H UK Limited's Borough Green production facility led to the unexpected outcome that certification for operating the autoclaves under the UK Pressure Systems Safety Regulations 2000 were withdrawn, leading to an immediate cease of production. Health and safety is a top priority for H+H. They are working relentlessly on getting production up and running as soon as possible in a safe manner, and remain in continuous dialogue with inspectors to resolve the issue and regain certification within a short timeframe. Health and safety is a top priority for H+H. Until a plan for resolution of the issue is established, it is not possible to estimate when production can resume. Consequently, the total financial impact of the closure of the production cannot be estimated at this point in time.
New Risk • Jun 12New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risk Share price has been volatile over the past 3 months (6.8% average weekly change).
Reported Earnings • May 20First quarter 2024 earnings released: kr.7.90 loss per share (vs kr.0.30 loss in 1Q 2023)First quarter 2024 results: kr.7.90 loss per share (further deteriorated from kr.0.30 loss in 1Q 2023). Revenue: kr.644.0m (flat on 1Q 2023). Net loss: kr.129.0m (loss widened kr.124.0m from 1Q 2023). Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Basic Materials industry in Europe.
공시 • May 16H+H International A/S Provides Earnings Guidance for Full Year 2024H+H International A/S provided earnings guidance for full year 2024. For the period company's revenue growth measured in local currencies is expected to be ranging from -5% to +5% and EBIT before special items is expected to be in the range of DKK 50 million to DKK 150 million. The financial outlook for 2024 is based on the following specific assumptions: Building activity in line with 2023 level, Price discipline maintained in key markets, Exchange rates, primarily GBP, EUR and PLN remain at mid-May 2024 levels.
공시 • Mar 07H+H International A/S Provides Earnings Guidance for the Year 2024H+H International A/S provided earnings guidance for the year 2024. For the year 2024, the company’s revenue growth measured in local currencies is expected to be ranging from -5% to +5%. EBIT before special items is expected to be in the range of DKK 50 million to DKK 150 million.
Reported Earnings • Mar 07Full year 2023 earnings released: kr.15.00 loss per share (vs kr.17.15 profit in FY 2022)Full year 2023 results: kr.15.00 loss per share (down from kr.17.15 profit in FY 2022). Revenue: kr.2.67b (down 26% from FY 2022). Net loss: kr.248.0m (down 182% from profit in FY 2022). Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Basic Materials industry in Europe.
공시 • Mar 06H+H International A/S Appoints Bjarne Pedersen as New Group CFO, Effective 1 April 2024H+H International A/S announced the appointment of Bjarne Pedersen as the new Group CFO and member of the Executive Management, effective 1 April 2024. Bjarne succeeds Peter Klovgaard-Jørgensen, who will stay with H+H, until end of April 2024, ensuring a smooth handover. Bjarne Pedersen joined H+H with an auditing and banking background and has worked for H+H for more than 15 years. Bjarne has held various managerial roles across H+H, including responsibilities in areas such as Corporate Finance, IT, Investor Relations, and most recently as Chief Strategy Officer. Bjarne Pedersen is 46 years old and holds a Master of Science (MSc) in Business Administration and Auditing.
공시 • Nov 30H+H International A/S Announces Resignation of Peter Klovgaard-Jørgensen as Member of Executive Board, Effective End of May 2024H+H International A/S announced resignation of Peter Klovgaard-Jørgensen as member of executive board to take up a CFO position in another company. Peter Klovgaard-Jørgensen has worked as CFO in H+H since 2019. Peter will remain in his position until end of May 2024, and a recruitment process for a new CFO will now be initiated.
Reported Earnings • Nov 19Third quarter 2023 earnings released: kr.1.80 loss per share (vs kr.4.40 profit in 3Q 2022)Third quarter 2023 results: kr.1.80 loss per share (down from kr.4.40 profit in 3Q 2022). Revenue: kr.699.0m (down 24% from 3Q 2022). Net loss: kr.30.0m (down 139% from profit in 3Q 2022). Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Basic Materials industry in Europe.
공시 • Nov 18H+H International A/S Revises Earnings Guidance for the Year 2023H+H International A/S revised earnings guidance for the full year 2023. For the year, the company’s sales volume expected to decrease around -35%. EBIT before special items is expected within the range of DKK 30 million - DKK 80 million, previous estimate of DKK 30 million - DKK 100 million.
공시 • Nov 17+ 4 more updatesH+H International A/S, Annual General Meeting, Apr 09, 2024H+H International A/S, Annual General Meeting, Apr 09, 2024.
New Risk • Nov 09New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Shareholders have been diluted in the past year (2.0% increase in shares outstanding).
Recent Insider Transactions • Aug 21CEO & Member of Executive Board recently bought €102k worth of stockOn the 17th of August, Jorg Brinkmann bought around 10k shares on-market at roughly €10.20 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was Jorg's only on-market trade for the last 12 months.
New Risk • Aug 18New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. This is currently the only risk that has been identified for the company.
공시 • Aug 17H+H International A/S Revises Earnings Guidance for the Full Year 2023H+H International A/S revised earnings guidance for the full year 2023. For the year, the company’s sales volume decrease of approximately -30% to -35% across markets. EBIT before special items is expected within the range of DKK 30 million - DKK 100 million, down from the previous estimate of DKK 100 million - DKK 175 million.
New Risk • Aug 16New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. This is currently the only risk that has been identified for the company.
Reported Earnings • Aug 16Second quarter 2023 earnings released: kr.5.80 loss per share (vs kr.7.40 profit in 2Q 2022)Second quarter 2023 results: kr.5.80 loss per share (down from kr.7.40 profit in 2Q 2022). Revenue: kr.731.0m (down 27% from 2Q 2022). Net loss: kr.101.0m (down 178% from profit in 2Q 2022). Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Basic Materials industry in Europe.
Valuation Update With 7 Day Price Move • Jun 21Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €11.40, the stock trades at a forward P/E ratio of 169x. Average forward P/E is 10x in the Basic Materials industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at €7.37 per share.
공시 • May 26SOLBET Spolka z o.o. acquired an unknown minority stake in H+H International A/S.SOLBET Spolka z o.o. acquired an unknown minority stake in H+H International A/S on May 23, 2023.SOLBET Spolka z o.o. completed the acquisition of an unknown minority stake in H+H International A/S on May 23, 2023.
Reported Earnings • May 10First quarter 2023 earnings released: kr.0.30 loss per share (vs kr.3.90 profit in 1Q 2022)First quarter 2023 results: kr.0.30 loss per share (down from kr.3.90 profit in 1Q 2022). Revenue: kr.641.0m (down 27% from 1Q 2022). Net loss: kr.5.00m (down 107% from profit in 1Q 2022). Revenue is expected to decline by 1.9% p.a. on average during the next 3 years, while revenues in the Basic Materials industry in Europe are expected to grow by 2.9%.
공시 • Dec 21H+H International A/S to Report First Half, 2023 Results on Aug 17, 2023H+H International A/S announced that they will report first half, 2023 results on Aug 17, 2023